VIP_Trading_Technologies

VIP_Trading_Technologies Updated 

With today's NFP data out and low market volumes due to Good Friday we could expect a vibrant trading session on Monday, with stocks rallying, USD strengthening and GOLD being dumped. We are currently trading below EMAs and unless we test 1.1820 area soon, price may fall sharply to 1.1650 followed by 1.16. Failing to find a support there we will drop like a stone...

VIP_Trading_Technologies

Dear Fellow Traders: I'm glad to share a thorough study of Gold price movement to help you in your trades. I think it is quite self-explanatory but will highlight few things. We had a huge rally since the Covid-19 started and WHO declared it as a Pandemic. In this rally we pass the previous high (1920) by 150+ points to 2075, current ATH. Since then we have...

VIP_Trading_Technologies

We are above EMAs, inside a detected uptrend channel. NFP data has proven that US economy is improving very fast so I expect USD to strengthen against most pairs. First target should be 94.28 to 94.7x. Possible cup and holder pattern in progress supporting this idea.After clearing 94ish area then straight to 97.

VIP_Trading_Technologies Updated 

See my weekly chart for your perusal. Taking into account that price has been quite overbought in the dollar against most pairs, I would feel more confident taking short at current levels for a 50 pips correction more or less before resuming the uptrend. It also looks like a cup and handle pattern.

VIP_Trading_Technologies Updated 

This weekly chart shows the price hitting a very powerful support area on the vortex of two channels. We have an extremely oversold instrument and I thing is time to start climbing again. Failing to do so could send prices to 1.1610 to 1.1600, for a possible triple "bottom". Im inclined and feeling more confident opening longs at this current level.

VIP_Trading_Technologies

As I've posted in my previous ideas, I remain bearish as long as we keep inside the falling channel in spite of this stunning price recovery of 50 bucks/oz on the strong 1680 area. I have added a trendline to monitor different scenarios but in the range of 1730 t 1744 we will have strong pressure downwards. Should you have some imagination you could even spot a...

VIP_Trading_Technologies Updated 

In my humble opinion we are currently on a very critical area. A small correction (downtrend channel) inside a much bigger uptrend channel. I have added daily SR levels for your reference as well as the channel trendlines of both identified long term trends. i'm currently neutral but inclined for some further downtrend to bounce on the vortex of those...

VIP_Trading_Technologies Updated 

I am sharing a weekly chart with one channel detected inside a falling wedge-like pattern. Current engulfing candle suggests further downside towards 1680 level. Failing to hold could send prices quickly to low 1600. Fundamentally speaking there are no relevant factors to support another leg up at the time of writing. Bulls need to start climbing fast and clear...

VIP_Trading_Technologies Updated 

We are currently sitting on a very interesting spot where price could move either way. I'm off positions at the moment awaiting clearer entry spots on each way but biased towards a further uptrend. It seems that we may resume a correction towards 147.350 support, to gain further steam to keep climbing. From the fundamental point of view, if you analyse the weekly...

VIP_Trading_Technologies Updated 

Here's my self explanatory idea. A couple of channels showing an uptrend. As long as we are inside them I would keep adding longs.

VIP_Trading_Technologies Updated 

We have a clear ceiling at 66,50 area and another clear floor at 50ish. I am currently off positions awaiting to get a much clearer signal to jump in. Fundamentally speaking oil has been driven massively too high and backfiring OPEC's cartel strategy, killing soft demand with high prices at the petrol station. Higher prices may awake sleeping wells from US shale...

VIP_Trading_Technologies

Time to short Brent if closes at opening with a nice gravestone doji candle. WTI same story with a shooting star. Time to prepare big SHORTS with 50 pips or more SL to make sure a retest of highs wont jeopardize a 400 pips drop coming soon.

VIP_Trading_Technologies

Failed to short at 6844 and SL triggered. With current API/EIA data I think it is more wise to open a long position till 71 and try shorting there with tight SL. Next entry point in the event of a new failure would be almost 73, then another BIG SHORT.

VIP_Trading_Technologies

I'm planning to take a huge position at 68.44, SL 68.60 and TP 57.25. If SL triggered then will re-evaluate Brent movement but I see next major resistance at 69.64, followed by 72.78~. That should be the top taking into account the enormous money injection from money managers due to Aramco IPO (supported by Saudi Arabia). Above that could overshoot OPEC efforts...

VIP_Trading_Technologies Updated 

I'm planning to open a SHORT position at 68.28 with a Target Price of 57.25 and a Stop Loss at 68.44. If we count waves from the bottom of this last uptrend we can see a full cycle of Elliot Wave impulse waves 1-5, followed by a correction ABC and again a continuation of 5 more waves. The fifth wave is still ongoing and might reach 68.28 level, where we could...